Bitcoin Price Thread

$100,000,000,000 in cryptocurrency market value lost in 24 hours!!!

Huge moves to the downside!
Litecoin below $200 Bitcoin below $12,000

Remember most bitcoin buyers came in between $9000-$10000 back in November, that will be an interesting number to see hold once bitcoin gets there!!!!
 
Seems like cnbc knows when to release headlines on bitcoin!!




Bitcoin headed to $100,000 in 2018, says analyst who predicted last year's price rise
  • Bitcoin could hit $100,000 in 2018, an analyst who correctly predicted the cryptocurrency's rally at the start of last year told CNBC
  • Kay Van-Petersen, an analyst at Saxo Bank, said in December 2016 that bitcoin would reach $2,000 in 2017, a feat achieved in May
  • Van-Petersen now says bitcoin will be driven by a larger uptake of institutional investors and futures contracts
Arjun Kharpal | @ArjunKharpal
Published 10 Mins AgoCNBC.com


https://www.cnbc.com/2018/01/16/bit...018-analyst-who-forecast-2017-price-move.html
 
OTCkrak said:
BTC above 10k is fine.. anything below 8k then I'd start to sweat
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It will be there once it cracks $10k .....

Wouldn't be surprised if drops another 50% from here...... remember it's up how many hundreds of thousands of percent......
Yea a measly little 50% drop is miniscule.
 
S2007S said:
Seems like cnbc knows when to release headlines on bitcoin!!




Bitcoin headed to $100,000 in 2018, says analyst who predicted last year's price rise
  • Bitcoin could hit $100,000 in 2018, an analyst who correctly predicted the cryptocurrency's rally at the start of last year told CNBC
  • Kay Van-Petersen, an analyst at Saxo Bank, said in December 2016 that bitcoin would reach $2,000 in 2017, a feat achieved in May
  • Van-Petersen now says bitcoin will be driven by a larger uptake of institutional investors and futures contracts
Arjun Kharpal | @ArjunKharpal
Published 10 Mins AgoCNBC.com


https://www.cnbc.com/2018/01/16/bit...018-analyst-who-forecast-2017-price-move.html
More...

Utterly stupid. Because this Kay Van-Petersen was 1 time right he will be right again???
 
schweiz said:
Utterly stupid. Because this Kay Van-Petersen was 1 time right he will be right again???
More...


I thought the same thing... nothing but bitcoin hype.....just to calm the bitcoin bulls they have to announce a headline that bitcoin will jump 10 fold this year...... EVERY single asset class is in a gigantic bubble so this is what predictions look like when there are crazy asset bubbles....
 
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